I’ve updated my tabulation of retail central bank digital currency (CBDC) explorers: https://kiffmeister.com/jurisdictions-where-retail-cbdc-is-being-explored.
The Hong Kong Monetary Authority (HKMA) has published a discussion paper inviting views on the key issues around a retail CBDC. This is a follow-up to the paper published in October 2021 on potential architectures and design options for distributing e-HKD, and this new one focuses on use cases, the issuance mechanism, interoperability with other payment systems, privacy and data protection. Members of the public and the industry have until May 27, 2022 to submit comments. [Read more]
The Bangko Sentral ng Pilipinas (BSP) has decided to pursue a wholesale CBDC pilot project as part of its efforts to promote the stability of the country’s payment system. Dubbed CBDCPh, it will test the use of CBDCs for large-value financial transactions on a 24/7 basis across a limited number of financial institutions. [Read more]
The Centrale Bank van Curaçao en Sint Maarten intends to issue a position paper on the potential contribution of CBDC to financial inclusion in Curaçao and Sint Maarten. [Read more]
The President of the Central African Republic (CAR) has reportedly signed a law making bitcoin a legally recognized currency in the country following a unanimous parliamentary vote on the matter. Like El Salvador, which has also designated bitcoin as legal tender, CAR doesn’t issue its own currency. It uses the Euro-pegged CFA franc, also the currency of Cameroon, Chad, Republic of the Congo, Equatorial Guinea and Gabon, issued by the Banque des États de l’Afrique Centrale. [Read more] [Update: Text of legislation]
Upcoming events I’m affiliated with: